FINANCE

Robotics Startup Unitree Launches $620 Million STAR Market IPO

Published: Jul. 31, 2026 4:27 a.m. GMT+8

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Unitree Robotics' GD01, the world's first mass-produced manned transforming mecha, on display at the World Artificial Intelligence Conference (WAIC) in Shanghai on July 17, 2026. Photo: VCG

Chinese robotics startup Unitree Robotics formally launched its initial public offering on Shanghai’s STAR Market on Thursday, aiming to raise 4.2 billion yuan ($620 million) at an implied valuation of 42 billion yuan.

The record-breaking 104-day approval process underscores Beijing’s push to fast-track capital market access for strategic artificial intelligence and robotics champions, even as broader domestic listings face heightened regulatory scrutiny.

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What Happened When

2023：: Unitree launched its first bipedal humanoid robot model, which became a primary growth engine.

2025：: Humanoid robots accounted for nearly 52% of Unitree's total revenue; revenue surged to 1.7 billion yuan at a compound annual rate of 227%; core net profit reached 591 million yuan with gross margins of 60%.

2025：: Unitree's robots performed martial arts routines at the state-televised Spring Festival Gala.

2025：: Unitree's IPO had a record-breaking 104-day approval process, the fastest in STAR Market history.

March 2025：: Unitree filed its IPO application with Shanghai's STAR Market.

July 31, 2025：: Unitree formally launched its IPO on Shanghai's STAR Market, aiming to raise 4.2 billion yuan at an implied valuation of 42 billion yuan.